AGS Realty - Salon Suites - LoopNet · Barbers 39-5011 56,400 64,000 13% 7,600 Hairdressers,...
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F0R SALE OFFERED AT $1,250,000 954.998.2490 [email protected] www.GreenPageGroup.com AGS Realty - Salon Suites Competitive Advantages: • Buy market share: AGS Realty is estimated to be one of Columbus’ top 5 Salon Suite businesses by square feet • No Employees! Absentee-owner possible • Business has averaged 18% profit growth since 2015 • Over 10,000 square feet of booths, private and semi- private work spaces. FF&E included. For more information Wayne Johnson, Advisor
Transcript of AGS Realty - Salon Suites - LoopNet · Barbers 39-5011 56,400 64,000 13% 7,600 Hairdressers,...
F0R SALEOFFERED AT
$1,250,000
954.998.2490 [email protected] www.GreenPageGroup.com
AGS Realty - Salon Suites
Competitive Advantages:
• Buy market share: AGS Realty is estimated to be one of
Columbus’ top 5 Salon Suite businesses by square feet
• No Employees! Absentee-owner possible
• Business has averaged 18% profit growth since 2015
• Over 10,000 square feet of booths, private and semi-
private work spaces. FF&E included.
For more information
Wayne Johnson, Advisor
Business Description: AGS Realty is a six year old salon suites company which specializes in serving the beauty industry. Since 2015, profits have averaged 18% growth annually, decreasing operational expenses as the business scales. According to the Bureau of Labor Statistics, the State of Ohio will generate 9.4% growth in the beauty/personal services sector through the year 2024. The targeted AGS Realty tenant is a beauty industry entrepreneur who wants competitively-priced, conveniently-located workspaces to serve clients. AGS offers over 10,000 square feet of private, semi-private and booth spaces to accommodate all budgets.
[Nationally] employment of barbers, hairstylists, and cosmetologists is projected to grow 13% from 2016 to 2026, faster than the average for all occupations. Population growth will lead to greater demand for services.
- US Bureau of Labor Statistics 2017 Occupational Outlook Handbook
Net Operating Income
2015 EBITDA: $126,776 (12.7% gain over previous year)
2016 EBITDA: $140,617 (10.9% gain over previous year)
2017 EBITDA: $183,095 (30.2% gain over previous year)
Marketing Strengths: • Outstanding social media marketing • Great relationships in the Health/Beauty sector • Newly renovated units available Financial Strengths: • 18% average annual profit growth since 2015 • 15 & 17 year master leases are priced below market • $200k+ net operating income annually • No Employees, limiting liabilities • Roughy 30% more affordable rates than competition Operational Strengths: • Business can be operated from anywhere with an internet connection • Well established, easy to repeat operations • Automated rent collection
Detailed Information
Asking Price $1,250,000
Furniture, Fixtures & Equipment Included
Financing Assistance Available
Training and Support 2 Weeks Included
For more information:
Wayne Johnson, Advisor 954-998-2490 [email protected]
2015 2016 2017 2018 2019 2020
Revenues $251,414 $268,917 $309,414 $355,932 $399,340 $499,242
Expenses $126,776 $128,300 $126,319 $124,932 $135,775 $159,757
EBITDA $124,638 $140,617 $183,095 $231,000 $263,565 $339,485
Profit % 49.6% 52.29% 59.17% 64.9% 66% 68%
Square Feet 10,000 10,000 10,000 10,000 10,000 10,000
0
125000
250000
375000
500000
2015 2016 2017 2018
Expenses Revenues
Financial Summary
Data on financial performance has been provided by the owners without verification or audit and is believed to be true, accurate and complete. GreenPage Group is not responsible for inaccurate or incomplete information. Upon receipt of a signed non-disclosure agreement, owners will provide three years of Profit & Loss Statements, IRS Form 1120-S, and a current balance sheet.
[email protected] www.GreenpageGroup.com
49.6%Profit
52.29%Profit
59.17%Profit
64.9%Profit
[email protected] www.GreenpageGroup.com
Market Summary
Occupational Title SOC Code 2016
EmploymentProjected 2026 Employment Change % Change
Count
Barbers, Hairdressers, Hairstylists and Cosmetologists
39-5010 673,700 761,400 13% 87,600
Barbers 39-5011 56,400 64,000 13% 7,600
Hairdressers, Hairstylists and Cosmetologists 39-5012 617,300 697,400 13% 80,100
Source: U.S. Bureau of Labor Statistics, Employment Projections program
State Occupational Title
2016 Base
2026 Projected
Change Count Change % Avg. Anl
Openings
Pennsylvania Barbers 2,590 2,790 200 7.8% 70
Pennsylvania Hair Stylists & Cosmetologists
41,390 45,540 4,150 10% 1,480
Ohio Hair Stylists & Cosmetologists
33,610 36,770 3,160 9.4% 1,180
Indiana Hair Stylists & Cosmetologists
11,380 12,530 1,150 10.1% 410
Source: ProjectionsCentral.com/Projections/LongTerm
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